Thursday, March 6, 2014

Cherry asks,

Can a foreigner have their stocks too in the Phils? My husband printed a form from COL and I might start with them as soon as I get back from the Philippines on March 3.

Answer:

Yes! Non-Filipinos can definitely trade stocks. There are just some limitations but they may not concern you as much. One of the more obvious is the SEC rule on foreign ownership which limits foreigners' ownership of company shares to 40%. So unless your husband plans to take over a company in the Philippines, you don’t have anything to worry about.